Surprise, Surprise: Groupon Wants To Raise Its IPO Price

After dropping some questionable accounting methods and
dramatically lowering its valuation, it appears Groupon
undervalued itself.

It's also possible that was part of the company's plan to spur
interest, or that Groupon is now trying to prop its price back up
by telling news outlets that demand was higher than expected.

In its last filing with the SEC on
October 21, Groupon
said it would price between $16 and $18. That gave Groupon a
valuation of around $12 billion — lower than the $25 billion and
$30 billion it reportedly expected when it first filed.

Groupon is basically break even after reporting significant
losses in its early stages. It now employs around 4,800 sales
people and has been growing swiftly.